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The New York Bight offshore wind lease auction fetched a record $4.37 billion from companies looking to develop the waters.

Vinson & Elkins Partner Danielle Patterson joined Renewable Energy SmartPod, a joint podcast with BloombergNEF, to talk about the significant amount of capital being poured into the energy transition, where the money is being spent, and who is spending it.

The world is embarking on what may be one of the greatest transformations since the Industrial Revolution. Over the next three
decades, countries and companies could spend tens of trillions of dollars to build a low carbon global economy.